US Dollar Forecast

The Pound to Dollar exchange rate is said to be at risk of further losses in the short-term and even a positive UK labour market report on Tuesday would unlikely be enough to resist the broader Dollar trend.

One of the most prominent banks on the U.S. Main Street has upgraded its stance for the U.S. Dollar over the remainder of 2023, although weakness is still expected to be a feature of 2024.

The British Pound and Euro have reached the "end of the road" according to a new analysis from HSBC as analysts hail the return of the "king dollar".

Barclays says in a new forecast revision it turns "less hopeful" on the British Pound's prospects, particularly against the Euro, Dollar and Swiss Franc.

The Euro appears to have lost the initiative against the Dollar with the coming week potentially resulting in further losses for the Eurozone's single currency according to new studies.

"The next area of possible support would be at around 1.242; if that doesn’t hold we could then see a reversion to the major low posted near the end of May, i.e. at 1.232 or so" - The Technical Trader.

Pound Sterling appears vulnerable to losses against the Dollar over the coming weeks of September according to a new analysis released at the start of the new month.

"Euro-dollar is likely to come under selling interest if U.S. data revive Fed hike expectations, but the pair’s fate will not only depend on the U.S. data," says Charalampos Pissouros, Senior Investment Analyst at XM.com.

The U.S. Dollar can maintain its recent trend of appreciation helped by favourable seasonal trends and will be untroubled by a recent rating agency downgrade of U.S. debt, shows new research from JP Morgan.

EURUSD's pullback from highs near 1.12 is no surprise to analysts at Commerzbank who reckon further near-term softness is justified, but the bank says it is sticking with forecasts that show a robust recovery by the time the new year is upon us.

Analysts are scouring the charts for clues as to what the European Central Bank's most recent guidance and decision means for the Euro's outlook against the Dollar.

It is too soon to bet against the Euro with Thursday's European Central Bank policy meeting likely to keep the door open to another interest rate hike in September, according to an analyst we follow.

The Pound to Dollar exchange rate rose ahead of a key support level that must hold or risk a slide to 1.27, according to a new analysis.

New technical analysis from City Index shows the Euro to Dollar exchange rate (EURUSD) can retreat in the near-term ahead of an extension of the broader rally, with a rare 'harmonic butterfly technical pattern being observed.

Strategists at Barclays see diminishing value in chasing the Euro higher from current levels.

GBPUSD can remain supported over the coming days with any weakness expected to invite fresh buying interest, according to a new technical analysis.

A surge in momentum behind GBPUSD should take it higher and it is too early to expect a material pullback on a technical basis, according to a new analysis.

EURUSD rose a per cent to hit a 16-month high at 1.11 following the release of U.S. inflation data.

The march higher in the Pound to Dollar exchange rate reaches a key milestone as the 1.30 level comes into view, but overbought conditions are flashing.

"We think this is increasingly reminiscent of the late-1990s dotcom era, and now expect a similar bubble to form in the U.S."